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Anand P Gupta: What Budget 2016-17 should focus on

Deficit is not necessarily a bad thing. What matters is that the money is used efficiently

Anand P Gupta 

Anand P Gupta

India currently faces many challenges. This article presents ideas on what the finance minister may do to meet some of these challenges. Addressing the issue of banks' bad loans .

Read our full coverage on Union Budget 2016 Precise numbers on bad loans of banks are not available, given the bank managements' self-interest in not recognising bad loans. But there is reason to believe that bad loans of public sector banks currently add up to over 13 per cent of their total advances. This is not banking, but a welfare system for the rich, who agree to share part of the loot with ...

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First Published: Tue, February 02 2016. 21:46 IST

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